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3 years ago

1. Do you believe that training is a necessity in the implementation of new policies? Please support your answers.

Business

1 answer:

professor190 [17]3 years ago

8 0

Answer: (1) Training is necessary in the implementation of a new policy

(I) To orient and enlightening the people

(II) To enhance its implementation

(III) To promote cordial actions.

(2) Background checks are important to

(I) To determine the possible threats.

(II) To understand the nature of threats and how best to mitigate them.

(III) To help the Management know what kind of information security structure or system to implement.

(2B) Information security help to serve the following

(I) To prevent hacking and other possible threats

(II) To prevent Information leaks

(III) To promote secrecy.

(3) What can happen if Management does not enforce the policies that are put in place?

(I) The business will experience huge looses due to hackers

(II) The Business will be prone to internet fraud.

(III) Frequent Information leaks.

Explanation: Information security is the process or system put in place to enhance,sustain and guarantee that the information flow,storage and use are done with reduced or eliminated threats.

Most organisations have different strategies for implementing Information security, Information security is vital to the success of any business.

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MILLS ALLOCATES MANUFACTURING OVERHEAD TO PRODUCTION BASED ON STANDARD DIRECT LABOR HOURS. MILLS REPORTED THE FOLLOWING ACTUAL R

tekilochka [14]

Answer:

1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances.

variable overhead cost variance = $1,000 unfavorable
variable efficiency variance = -$1,200 favorable
fixed overhead costs = $1,500 unfavorable
fixed overhead volume variance = -$100 favorable

2. EXPLAIN (as best you can) why the variances are favorable or unfavorable. Based on cost and efficiency budget standards.

variable overhead cost variance is unfavorable because actual variable overhead costs per unit are higher than budgeted.
variable efficiency variance is favorable because the company used less direct labor hours than budgeted to produce a higher amount of units (1,600 vs. 2,000).
fixed overhead costs are unfavorable because total fixed overhead costs were much higher than budgeted, but most of this variance can be explained by higher output.
fixed overhead volume variance are favorable because a higher volume was produced using less hours than budgeted.

Explanation:

Static budget variable overhead $1,200

Actual variable overhead $4,000

Static budget fixed overhead $1,600

Actual fixed overhead $3,100

Static budget direct labor hours 800 hours

Actual direct labor hours 1,600

Static budget number of units 400 units

Actual units produced 1,000

Standard direct labor hours 2 hours per unit

Actual direct labor hours 1.6 per unit

standard variable rate = $1,200 / 400 units = $3 per unit

actual variable rate = $4,000 / 1,000 units = $4 per unit

standard fixed rate = $1,600 / 800 hours = $2 per hour

actual fixed rate = $3,100 / 1,600 hours = $1.9375 per hour

variable overhead cost variance = actual costs - (standard rate x actual units) = $4,000 - ($3 x 1,000) = $1,000 unfavorable

variable efficiency variance = (actual hours x standard rate) - (standard hours x standard rate) = (1,600 × $3) − (2,000 x $3) = $4,800 - $6,000 = -$1,200 favorable

fixed overhead costs = actual overhead costs - budgeted overhead costs = $3,100 - $1,600 = $1,500 unfavorable

fixed overhead volume variance = (actual fixed rate x actual hours) - (standard rate x actual hours) = ($1.9375 x 1,600) - ($ x 1,600) = $3,100 - $3,200 = -$100 favorable

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3 years ago

Overview of financial planning

VMariaS [17]

Answer:

1. Operating plan.

2. Operating plan.

3. Financial plan.

4. Dividend policy.

5. B and C.

Explanation:

1. Operating plan: provides detailed implementation guidance for a firm's operations, as well as a forecast of the company's expected future free cash flows.

2. Operating plan: provides the inputs necessary for a risk management evaluation using sensitivity analysis, scenario analysis, or simulations.

3. Financial plan: Is based on knowledge of the amount of funds necessary to compensate the firm's shareholders, and the mix of debt and equity capital used to finance the firm.

4. Dividend policy: sets forth specific targets for cash or share distributions to the firm's shareholders.

Capital structure: describes specific targets for the mix of debt and equity used to finance a firm.

Financial planning can be defined as the process of estimating the amount of capital required for the smooth operations of the business and determine how to achieve the firm's set goals and objectives.

Hence, the following statements are true about financial planning;

I. Once a firm's forecasted financial statements are prepared, the firm must determine how much capital it will need to support these plans.

II. Management must monitor operations after implementing a financial plan to detect deviations from the plan and adjust accordingly.

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3 years ago

The price elasticity of demand if the price of a pint falls from $8 to $6 is

melamori03 [73]

It means to say that the demand of the product is decreasing. The relationship between the price and demand is one way. It means to say that if the price increases, the demand is higher. In this scenario, the price increases to avoid shortage on the product. If the price is decreasing, it means to say that the demand is decreasing and can possibly cause surplus on the said product. Lowering the price allows consumers to have higher purchasing power and enticing them to purchase such product.

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3 years ago

A cosmetic company planned to launch a range of low-cost cosmetics. It decided to undertake research on what kind of cosmetics w

Fantom [35]

Answer:

Audience; to maximize the reach and success of the campaign Strategy;

Explanation:

The element of planning is being identified by this process is Audience

The reason why audience is important in the process is because it has the purposeful intention of maximizing the reach and success of the campaign Strategy.

The cosmetic company is planning to launch a range of low cost cosmetics and this will appeal to college students because of their low income level. The success of the campaign therefore depends on the number of college students they are able to reach.

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3 years ago

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Sheffield Corp. took a physical inventory on December 31 and determined that goods costing $165,000 were on hand. Not included i

Marina86 [1]

Answer: $272,570

Explanation:

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3 years ago